Bharti Airtel Ltd.

Bharti Airtel has entered into an understanding (Agreement) with Tata, India’s leading conglomerate, to merge Consumer Mobile Businesses (CMB) of Tata Teleservices (TTSL) and Tata Teleservices Maharashtra (TTML) into Bharti Airtel. The acquisition is subject to requisite regulatory approvals.

As part of the Agreement, Bharti Airtel will absorb Tata CMB’s operations across the country in nineteen circles (17 under TTSL and 2 under TTML). These circles represent bulk of India’s population and customer base.

The proposed merger will include transfer of all the customers and assets of Tata CMB to Bharti Airtel, further augmenting Bharti Airtel’s overall customer base and network. It will also enable Bharti Airtel to further bolster its strong spectrum foot-print with the addition of 178.5 MHz spectrum (of which 71.3 MHz is liberalised) in the 850, 1800 & 2100 MHz bands.